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Zeus Resources Limited (ASX:ZEU)

ALERT: Price-sensitive ASX Announcement for ZEU
Current share price for ZEU : $0.007 -0.004 (-36.36%)+
Announcement
Release
30 Apr 2026 12:25PM
Price at Release
$0.011
Full Release
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Summary
Zeus Resources Limited released its quarterly activities report for the period ending 31 March 2026, highlighting significant progress at its Casablanca Project, where high-grade antimony mineralisation was discovered. The company has applied for license renewals in Morocco and reported that $124,583 was spent on exploration activities during the quarter. The Appendix 5B cash flow report showed a net cash outflow of $96,000 from operations and $125,000 from investing activities, with a quarter-end cash balance of $1,505,000. Payments to related parties amounted to $71,944. Zeus holds multiple tenements across Morocco and Australia, some of which are up for renewal.
Key Points
  • Zeus Resources Limited reported visible antimony oxide mineralisation at its Casablanca Project.
  • The company observed significant antimony results, including a high-grade assay of 2 meters at 22.69% Sb.
  • Zeus has submitted renewal applications for the Casablanca licenses, which are pending.
  • The Appendix 5B report indicates net cash used in operating activities was $96,000 for the quarter.
  • Investing activities saw cash outflows of $125,000, mainly towards exploration and evaluation.
  • Financing activities had minimal impact, with a small cost of $11,000 noted.
  • The cash balance at the end of the quarter was $1,505,000.
  • $71,944 was paid to related parties during the quarter.
  • Zeus Resources holds numerous tenements in Morocco and Australia, with some needing renewal.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.